Hollande Picks Moderates for French Cabinet Posts

By

Gabriele Parussini and

William Horobin

Updated May 16, 2012 4:14 p.m. ET

PARIS—French President François Hollande on Wednesday named moderate Socialists to key ministerial cabinet posts in an attempt to further reassure financial investors and promoted new figures to help unite his left coalition ahead of crucial legislative elections in June.

The 57-year-old Mr. Hollande, who has never held a ministerial post, picked seasoned politicians with government experience to run the finance, foreign and labor...